0626 Blue Star Trading Notes Part 5
Blue Star: I'm still short on fartcoin and hippo MOODENG.
Stop loss set at 1, take profit at 0.88, there is a bit of confirmation breaking below the 100-day line.
Hippo is very weak; I've done it many times.
Group friend A: Hippo, let me follow you a bit.
When trading contracts, it's better to focus on a few fixed varieties so you can get a feel for the other party's temperament.
Group friend B: It's also possible to make several small profits and then lose it all on one big loss.
Blue Star: Set all stop losses, and after setting them, don't watch the market.
Set the stop loss within a range you can bear.
And the amount of the order cannot be too large, just enough to earn some living expenses.
Once there's a profit, set a stop loss order when profits retract to about 40% to ensure that profitable trades do not turn into losing trades.
In general, it's about following the big direction in Cro's investment strategy.
When the moving average is down, short when the rebound starts to fall. I usually open a short at the 4-hour position line and set a stop loss order.
Then, once there's a profit, I set a protective stop loss order.
Previously, I set protective stop loss orders at 20% and 30%, but found they often hit the stop loss, resulting in less profit. Now I basically set protective stop loss orders at 40% to 50%.
Then I won't go long by buying the dip against the big direction.
Like Brother Steel mentioned last time about going long on ETH at 2110, I didn't dare to do it.
In recent days, I've been doing it this way; I have a lot of things to do. After finishing tasks, I check for profits and set a protective stop loss order. For example, after finishing a voice chat with group friends, I found that the hippo had over $100 in profit, and fartcoin also had profits, so I set a protective stop loss order.
As I write this post now, the hippo has already triggered a protective stop loss.
I'm thinking of doing this for 3 months. If the long-term is positive returns, then I'll delegate programmers to turn my ideas into quantitative models, which can be run on Binance or @wallet for quantitative trading, making money through both quant and commission.
This strategy is probably something everyone can do; the key is that you need to be very busy, so busy that you don't have time to watch the market and adjust your take profit and stop loss. This way, losses are small, and profits are large.
There was a time when Blue Star was watching the market and would manually adjust the stop loss, and every time it turned a small loss into a big loss.
Because I need to plan the compound interest city’s pipeline income compound interest course, most of what I’m doing myself now, if there’s no possibility of forming a pipeline income later, I won’t do it.
I don't pursue making 10 million in a short time like Liangxi and Aoying, but rather seek stable returns, as long as the returns are positive in the long term, that's good enough.
That's roughly the idea.
